If you have bought your flat or maisonette from South Lakes Housing (SLH) or a previous leaseholder, you will buy it on a long lease usually over 125 years. The lease is your agreement with SLH and sets out your rights and responsibilities as a leaseholder.
The block or building you live in is still owned by SLH and you will have to pay towards the annual cost of managing, maintaining and improving the building, its services, and communal areas. This payment is called a service charge and an invoice is sent to leaseholders every April.
Payment can be made in full within 3 months of an invoice being sent, or by Direct Debit over 12 equal instalments.